Question: Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 5 6 7 8 30 20

Develop a EOQ solution and calculate total

Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 5 6 7 8 30 20 30 Gross requirements 30 Period Gross requirements Scheduled receipt Projected On-hand What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers). Develop a EOQ solution (enter your responses as whole numbers). Net Requirements Planned Order receipt Planned Order release Setup cost for 12 weeks is S Carrying cost for 12 weeks is 2 3 40 40 *Holding cost = $1.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. S (enter your response as a whole number). The total cost is $ (enter your response as a whole number). 1 30 4 2 (enter your response as a whole number). 3 40 4 LO 5 68 30 20 9 20 20 7 30 10 11 8 12 60 9 10 11 12 20 20 60

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